America First Multifamily Investors (NASDAQ:ATAX) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of America First Multifamily Investors (NASDAQ:ATAX) from a sell rating to a hold rating in a research report report published on Saturday, BidAskClub reports.

Shares of ATAX stock opened at $7.03 on Friday. The firm has a 50-day moving average price of $7.08. The stock has a market capitalization of $429.05 million, a P/E ratio of 11.97 and a beta of 0.32. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.69 and a current ratio of 1.69. America First Multifamily Investors has a one year low of $5.17 and a one year high of $7.43.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a $0.125 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.50 annualized dividend and a dividend yield of 7.11%.

Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its position in America First Multifamily Investors by 85.3% during the 4th quarter. Advisor Group Inc. now owns 14,205 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 6,541 shares in the last quarter. Stifel Financial Corp grew its position in America First Multifamily Investors by 4.0% during the 4th quarter. Stifel Financial Corp now owns 46,675 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 1,800 shares in the last quarter. Geode Capital Management LLC grew its position in America First Multifamily Investors by 77.4% during the 4th quarter. Geode Capital Management LLC now owns 69,438 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 30,297 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in shares of America First Multifamily Investors during the 1st quarter valued at $154,000. Finally, Virtu Financial LLC purchased a new position in shares of America First Multifamily Investors during the 1st quarter valued at $90,000. Institutional investors own 7.49% of the company’s stock.

America First Multifamily Investors Company Profile

America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public housing Capital Fund Trust, and Other Investments.

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